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  1. #1
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    Default Help! Any accountants or bookkeepers online?

    I am not either of these professions, but I am the treasurer for a local community group, voluntary position, non profit group. Basically doing the role to help out in the community!

    I need to write our employee a payment summary. I can't seem to get an answer for this one - is the total based on the pay week worked, or the payment date?

    For example - if our employee worked on Saturday the 28th June, but was paid on July 1st, is that included on the payment summary? We are on cash, not accrual.

    Thanks in advance!

  2. #2
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    Bump, anyone? I can't call the silly ATO on a Saturday and I have to drop this off this morning!!

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    I'm not sure but my payslips are Mon-Sun and dated as such. I get paid on a Wednesday.

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    ArthurDent  (12-07-2014)

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    Quote Originally Posted by meredithgrey View Post
    Not an accountant or bookkeeper

    But my group certificate only included payments that were made in the financial year.

    So for me all shifts after the 9th of June weren't included because that pay didn't come through until 2nd of July.
    Thanks that is helpful, in that case I'll leave the last one out .

    I'll confirm with ATO on Monday and I'll have to issue and amended one if I'm wrong.

  6. #5
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    Quote Originally Posted by meredithgrey View Post
    Yeah I'm pretty certain its the date the payment is made, because technically you haven't earnt the money until it's in your account (if that makes sense)
    Yep makes sense. But my degree is in the medical field so this is all a bit foreign lol!!

  7. #6
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    Accountant here
    For payment summaries it's on a cash and not accrual basis

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    ArthurDent  (12-07-2014)

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    I'm not a tax accountant, I'm a company accountant. I have always thought and our program that we use (xero) only includes payments made in the financial year so I'm pretty sure you are doing the right thing

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    ArthurDent  (12-07-2014)

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    Not an accountant but I work in payroll. Our work week goes from Wednesday to Tuesday and payment is on Thursday so if the 30th of June is on a Tuesday we would include it on the payg payment summary for the financial year worked even though they are not paid until 2nd of July.

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    ArthurDent  (12-07-2014)

  13. #9
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    Quote Originally Posted by [Mod] Zeddie View Post
    Not an accountant but I work in payroll. Our work week goes from Wednesday to Tuesday and payment is on Thursday so if the 30th of June is on a Tuesday we would include it on the payg payment summary for the financial year worked even though they are not paid until 2nd of July.
    Eek, so that's the opposite!!

    Now completely unsure!!!

  14. #10
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    Quote Originally Posted by Silkentofu View Post
    Accountant here
    For payment summaries it's on a cash and not accrual basis
    So does that mean I wouldn't include that last shift?


 

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